That the Council of General Synod approve amendments to Regulation 8.5 of the Lay Retirement Plan effective January 1, 2003.
Renumber the current Regulation 8.5 as 8.5(a) and add a new section (b).
(Bold denotes addition) [In electronic database bold indicated by pointed brackets i.e. ]
Where a Member's employment by a Participating Employer terminates upon the Member becoming an employee of another Participating Employer, the Member's Active Service shall be deemed not to have terminated.
Archbishop Morgan drew attention to Section 1.4 of the report, which read:
"The Pension Committee is recommending to the Council of General Synod that prior to approving the resolution, which is being presented by EcoJustice Committee with respect to Socially Responsible Investment Procedures, that it be referred to the Pension Committee for consultation and to report back to the next meeting of COGs."
Ms. Mason, who is retiring after 40 years of service to the Pension Plan, extended best wishes to Council and acknowledged that she will miss everyone. She has no doubts that the right choice was made when Council appointed Ms. Judy Robinson to be her successor.
That this session of the Council of General Synod meeting be held "in-camera" with the following present: members, partners and Linda Barry-Hollowell. CARRIED #23-05-03
Following the in-camera session, it was reported that the following motion had been passed:
That the Council of General Synod approve the recommendation of the Board of Trustees that Ms. Judy Robinson be appointed to the position of Associate Director of Pensions effective July 1, 2003 and director of Pensions effective January 1, 2004. CARRIED #24-05-03
"The General Synod Pension Plan has received the member votes it needed to ask the Ontario government to grant it a three-year period to improve the plan's funding level and avoid pension reductions of 20 to 30 per cent. Judy Robinson, the director of the Anglican Church of Canada's Pension Office Corporation, thanked all members who sent in their voter cards. The pension office needed the approval of at least two-thirds of the plan members in order to ask the provincial government to consider the three-year relief period. By mid-September , 85 per cent of active members and 89 per cent of retired members of the plan had voted in favour. The plan has 2,356 non-retired active and inactive members, and 2,683 pensioners".
The diocesan council of New Westminster has offered to provide payroll services to clergy of four dissenting parishes in the diocese to enable them to remain in the Anglican Church of Canada's pension and benefits plan.